Freeman's Blog


April 27th, 2012 by

There’s a perfect storm heading our way in index annuities that can have a significant impact on anyone trying to coordinate their resources with social security benefits. And, that storm has a focus. Back in the financial boom of the early 2000s, savvy consumers were all about getting a maximum return to build up bigger and bigger nest eggs. Then the recession hit and depleted the value of many American’s nest eggs. Nowadays, putting your money on the line to get a maximum return can mean losing everything you’ve worked so hard to save.

You may get tired of hearing it but there is nothing more important in today’s economy than keeping your money safe. With all the market volatility in today’s global marketplace, there’s a scarcity of safe places to keep your money. There just aren’t many options for someone today looking for a place to put cash and get a decent return. There’s a perfect market for index annuities.

Fixed index annuities are the right fit for many of our customers because of the downside protection they offer along with the opportunity to participate in some index returns. So, if the financial market goes awry, you’ll at least get your money back at the end of the surrender charge period. When you use index annuities, you’ll get nothing less than a zero percent return. There’s no risk involved. The great thing about fixed index annuities is that if there is a gain in the major index, you’ll share in some of the gain without having to share in any of the losses.

Listen to Freeman’s Radio Show “Safe Money Talk”, via online streaming or in the car, every Friday from 9-10am EST on The Big Talker 1580AM as he discusses topics like:

  • Lowering the tax burden of retired seniors
  • Avoiding irreversible and costly financial mistakes
  • Preventing the IRS from taking most of your money from your retirement nest egg
April 26th, 2012 by

A guaranteed investment strategy for retirement planningRetirees are more interested nowadays in guarantees than in high returns. If you’re like most, you would rather take an insurance product that promises a 4% return that is guaranteed not to lose value than a product that promises 8% return but is subject to market volatility. This is the new normal mindset. What made boomers switch from return-chasing behaviors to nest egg guarding? The biggest factors include the sluggish economy and a growing tendency toward delaying retirement to a later age.

Just in the last few years, we’ve seen the average retirement age go from 63 to 66. The sad part of this is that, even though a lot of people are working longer, many people still won’t be able to maintain their income level when they finally do retire. A lot of this has to do with losses from that happened in the first half of the great recession. Folks, even though it’s hard to grow your retirement assets while keeping them safe, it’s not impossible. The first step is in choosing financial vehicles that allow you to draw retirement income with minimal or no income taxes.

Income taxes during retirement can really suck the life out of your retirement plan. Make sure you are minimizing your risk of suffering losses by keeping most of your assets out of the stock market and also make sure that you make use of tax-free retirement vehicles whenever possible. The best example of tax-free retirement income is the Roth IRA.

Your Safe Money KitKeep your retirement money safe by consulting with an experienced financial professional. Don’t forget to download your FREE safe money kit and let us help determine the best way to plan for a comfortable retirement.

April 2nd, 2012 by

Retirement PlanningMany of you who are boomers and Generation “Xers” face a significant retirement income shortfall and the Center For Retirement Research indicated that retirement will be much more difficult for Boomers than it was for their parents and grand-parents. You see, many boomers are living in a golden age that will fade as you get closer to retirement age. 51% of Baby Boomers are projected to not be able to maintain their pre-retirement standard of living in retirement. Here’s something else you might find interesting. Late boomers are more at risk of not having enough money for retirement than early boomers.

There are several reasons why boomers and those belonging to generation X will be retiring in a substantially different environment than previous generations. First, they are living longer. As the life expectancy continues to rise, you will need more money to last through retirement than ever before. The weak condition of the Social Security trust fund is another reason. Finally, most boomers with pensions have made mistakes throughout the years, bringing the median value of 401(k) plans approaching retirement to just $78,000.

Your Safe Money KitWhen you factor in the rising out-of-pocket medical costs for retirement aged individuals, things start to look pretty grim. The only way to offset these risks is smart decisions with the help of an experienced financial planner. Don’t forget to get a safe money kit. We can help you plan for a comfortable retirement.